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Sony ups reliance on LG for LCD screens

[zdnet asia]

Japanese electronics giant Sony has increased its dependence on liquid crystal display (LCD) screens from Korean company LG, following a split from a previous partnership with Samsung Electronics in October last year.

LG Display is shipping more film-based 3D screens to Sony which are used in the latter’s Bravia television sets, LG CFO Jeong Ho-young told The Korean Times in a report Tuesday. The LG-Sony collaboration comes as the penetration rate of LG’s film-based 3D panels is projected to grow by more than 50 percent, the report said.

It added that the partnership indicated Sony’s switch from relying on Samsung, and its battery-powered 3D technology, to LG which is pushing its cheaper film-based 3D technology, undercutting its Korean rival Samsung.

Sony terminated its previous LCD joint venture with Samsung in a bid to boost its loss-making TV business, as prices of LCDs dropped due to Japan’s move to digital terrestrial broadcast which stifled demand for TV sets. Sony sold back its stake to Samsung in October last year, ending the partnership. …

Read the full story here: http://www.zdnetasia.com/sony-ups-reliance-on-lg-for-lcd-screens-62303664.htm

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